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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 96 $ 115
Accounts receivable (net of allowance for doubtful accounts of $1 and $1) 339 347
Other receivables 3 7
Inventories 624 524
Other current assets 37 41
Total current assets 1,105 1,041
Property, plant and equipment (net of accumulated depreciation of $946 and $897) 734 732
Operating lease right-of-use assets, net 74 56
Goodwill 1,895 1,895
Intangible assets, net 980 1,001
Other assets 55 55
Total assets 4,843 4,780
Liabilities    
Current operating lease liabilities 19 16
Income taxes payable 1 22
Accrued and other current liabilities 160 187
Total current liabilities 543 478
Long-term debt 1,735 1,832
Long-term operating lease liabilities 59 42
Deferred income taxes 344 357
Long-term postretirement benefit obligation 16 16
Other liabilities 81 72
Total liabilities 2,778 2,797
Commitments and contingencies (Note 7)
Stockholders’ equity    
Common stock, $0.001 par value; 2,000 shares authorized; 210.1 shares issued and outstanding 0 0
Additional paid-in capital 1,409 1,396
Accumulated other comprehensive income 34 50
Retained earnings 622 537
Total stockholders’ equity 2,065 1,983
Total liabilities and stockholders’ equity 4,843 4,780
Related Party    
Assets    
Related party receivables 6 7
Liabilities    
Accounts payable 28 34
Nonrelated Party    
Liabilities    
Accounts payable $ 335 $ 219